RWE and Masdar plan to explore joint bids in Germany's 2027 offshore wind auctions under a cooperation agreement with an indicative investment value of more than $3.47 billion (€3 billion), while RWE separately advanced talks with ADNOC over potential long-term LNG supplies…
Baker Hughes has received two orders from Venture Global to supply gas compression systems for the Cloud Connector Pipeline and liquefaction equipment for the expansion of the Plaquemines LNG facility in Louisiana.The Cloud Connector order covers…
Saipem has been awarded a contract worth about $350 million for subsea work on Azule Energy's West Hub Tails oil project offshore Angola, part of the wider Agogo Integrated West Hub Development.The project is located about 180 kilometers offshore Angola in water depths of up to 1…
Petronas and PTTEP subsidiaries have received approvals from the governments of Malaysia and Thailand for a new 35-year production sharing contract covering Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA).PC JDA Limited…
Turkey's state oil company TPAO plans to expand its cooperation with Azerbaijan's SOCAR to explore new offshore areas, including the Karabakh oil and gas field, Turkish Energy Minister Alparslan Bayraktar and TPAO CEO Can Ergin said.TPAO-SOCAR cooperation in Azerbaijan…
XRG, ADNOC and SEFE have signed a memorandum of understanding to explore wider cooperation across the natural gas and LNG value chain, including supply, infrastructure and shipping opportunities aimed at Germany and the wider European market…
Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.The world’s largest crude oil exporter said it temporarily…
The Greater Sunrise natural gas project has pushed back its earliest possible production start by two years to 2034, East Timor's petroleum minister said, tightening a timeline already plagued by decades of delays.Production at the multi-billion dollar gas field…
Skyborn Renewables has reached financial close on the 976.5 MW Gennaker offshore wind farm in Germany's Baltic Sea after securing more than $3.47 million (€3 billion) in financing, moving the project from development into construction.The financing…
Ørsted has received a favorable final opinion in a long-running tax dispute between Denmark and the United Kingdom over taxation rights related to the Walney Extension and Hornsea 1 offshore wind farms.An advisory commission established under…
Spanish shipyard GONDAN Shipbuilders has launched a 120-metre Ocean Energy Support Vessel (OESV) for Østensjø Rederi, the largest vessel built by the shipyard to date.The C513 OESV was launched at GONDAN's Figueras facility and will now undergo…
Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring…
Eni Ghana and Vitol have signed two memoranda of understanding (MoUs) with Ghana's government covering two offshore blocks in the Tano Basin, paving the way for the parties to finalize petroleum agreements.The MoUs cover blocks GH WB 3 and GH WB 8…
Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports.Italy currently produces about 29 million barrels of crude oil a year…
SED Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination that would create an energy services group with about $1.3 billion in contracted revenue backlog and an implied pro forma equity value of approximately $1 billion…